IT Robotic Automation Market to Reach $ 4.98 Bn by 2020

According to a new market report published by Transparency Market Research “IT Robotic Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the market for IT robotic automation globally is forecast to reach US$ 4.98 Bn by 2020. Key factors driving the global IT robotic automation market include cost benefits and improved efficiency of RPA over manual process handling, ability to leverage other application software without integration, increasing adoption in finance and accounting (F&A) sector and potential alternative to offshore outsourcing among others. Moreover, significant reductions in cost, time and labor can be achieved by implementing robotic process automation.

it-robotic-automation-market

The global IT robotic automation market was valued at US$ 183.1 Mn in 2013 and is forecast to grow at 60.5% CAGR from 2014 to 2020. Increasing deployment in the business process outsourcing (BPO) industry coupled with expanding application areas in the IT industry are some of the other key factors driving the IT robotic automation market. Some basic processes in IT which can be managed through robotic process automation include access management, request management, availability management, monitoring, incident management, and problem management.

Based on geographic regions, the IT robotic automation market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In terms of regional adoption, North America and Europe acquired majority chunk of the market share in 2013. The early adoption of new technology in North America and initiatives taken by RPA tool providers to create awareness in the region are some key factors responsible for the growth in this region. Europe is another key market where the uptake of RPA technology is highly significant. Moreover, Asia Pacific is expected to witness high growth in the coming years in line with the growth of RPA services market in India.

This report analyzes the global IT robotic automation market in terms of revenue (USD Million). The market has been segmented as follows:

IT Robotic Automation Market, by Type:

Tools

Services

IT Robotic Automation Market, by Tools:

Model-based Application Tools

Process-based Application Tools

IT Robotic Automation Market, by Services:

Professional

Consulting

Integration and Development

Application Management

Infrastructure Management

BPO

Application Management

Infrastructure Management

Training

IT Robotic Automation Market, by Geography:

North America

Europe

Asia-Pacific

Middle East and Africa (MEA)

Latin America

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